If you're into buying and selling coal stocks the past week or so is enough to make you get in bed and pull the covers up over your head. Yes, there's some good news out there - met coal settlements appear to be coming in at $285/tonne - but for the most part there's no news. That's tough when you're putting out a news letter, but the old "no news is good news" canard gets stood on its head when it comes to stock markets. And despite what the old song says about "accentuate the positive and eliminate the negative" when news is short the negative looks even worse. Stifel Nicolaus' Paul Forward did a good job last week putting together a list of all the news that, well, ain't so good. Stockpiles that appear to be stuck in neutral, cooling days were more than normal but less than last year, gas prices doing what they seem to do best and falling some more and NYMEX prices taking a double-dollar dip in less than a week.
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